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1/16/13

Great Panther Silver (GPR.to) (GPL) getting better?

The 4q12 numbers today from Great Panther Silver (GPR.to) (GPL) showed better production of silver and more throughput tonnages. Here's how the silver production stacks up to previous quarters:


That's 453,934 oz Ag and looks better. However, there still seems to be a ways to go on efficiency.


That second chart hints at continued high cash costs (over $13/oz in 3q12) but we didn't get a cash cost number in today's release, so until GPR can show it can produce Ag more efficiently, not just in larger quantities, this overtouted story remains expensive at $210m mkt cap and the easy avoid it's been for years.